A seemingly misfired message has embroiled Albert Bourla and his company in a high-stakes activist battle
Hedge fund had enlisted help from ex-chair Ian Read and former finance chief Frank D’Amelio
Liebeskind previously worked at Ken Griffin’s Citadel
Report also identifies geopolitical turmoil and cyber attacks as major risks to UK financial stability
Legal battle over how UK-based bank pays its dividend
Famed investor said on X that he was ‘celebrating’ the destruction of Gaza
Billionaire’s decision to step back from trading and focus on running Point72 underlines redemption since SAC insider trading scandal
Good gRIEF
The unseen axis is the deadliest
Billionaire investor will focus on ‘running the firm’ he founded and ‘mentoring and coaching’ new talent
Hedge fund replication ahoy
Firms strike deal to offer model portfolios of alternative assets to rich individuals
GB News owner’s acquisition of historic magazine has raised concerns over its editorial direction
Industry’s hottest sector posts first client withdrawals in seven years after weaker returns in 2023, Goldman Sachs data shows
US fund relaunch could include right to buy extra shares or stock in billionaire’s hedge fund
Hedge fund behemoth’s founders had recently struggled to agree on strategy and succession plans
Top London investor undergoes restructuring after departure this year of ex-Tiger fund manager Johnny de la Hey
Crowding down; density up
Activist and his company will pay $2mn to resolve probe launched after Hindenburg Research report
Renaissance and Marshall Wace added to positions in chipmaking giant in second quarter, filings show
Bets on US Treasuries and yen put London-based firm among big winners from early August volatility
Funds have taken aim at US regulator’s authority in challenge to rule that would have forced greater transparency
Fund eyes real estate company Howard Hughes after recent attempt to take US entity public came to abrupt halt
Greg Coffey’s hedge fund made hundreds of millions of dollars in recent sell-off
Hedge fund tells clients many supposed applications of the technology are ‘never going to actually work’
